This module allows you to analyze existing cross correlation between Best Buy Co Inc and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Best Buy and Wilshire US and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Best Buy with a short position of Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Wilshire US.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy Co Inc is expected to generate 4.59 times more return on investment than Wilshire US. However, Best Buy is 4.59 times more volatile than Wilshire US Large Cap Value Ind. It trades about 0.11 of its potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about 0.03 per unit of risk. If you would invest 5,516 in Best Buy Co Inc on October 25, 2017 and sell it today you would earn a total of 184 from holding Best Buy Co Inc or generate 3.34% return on investment over 30 days.